ADY 8.33% 1.1¢ admiralty resources nl.

charge resources, page-28

  1. 8 Posts.
    I got out of this one today after the announcement. I figure 1/10 of my investment is better than 0. The company was forced to sell a valuable asset at a price just enough to cover its short term debts. I don't want to stick around and see whether this was an honest, albeit desperate sale, or if investors are being swindled by some very shrewd corporate suits.

    The question that I cannot answer, and hence the reason for me walking away is "What reasons are there for the S/P to recover to the recent value of >15c? How long would I have to wait even if this was a possibility?".
 
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